Listed by Boulevard Commercial
$1,695,000
High Income Producing Westwood Colonial Bldg FOR SALE
Details
Property Type Retail, Office
Sub Type Traditional Office, Executive Office
Square Footage 10,920
Net Rentable (SqFt) 10,920
Units 30
Cap Rate 11.49%
NOI $194,699
Occupancy 100%
Pro-Forma Cap Rate 6.83%
Pro-Forma NOI $115,851
Price per SqFt $155
Class C
Year Built 1966
Buildings 1
Stories 3
Acreage 0.310
Zoning C1
Parking Spaces 30 spaces
Parking Per SqFt 2.75
Ground Lease No
Ceiling Height 11
10,920 SF Multi-tenant Investment Opportunity - Westwood KS
Marketing description
The Westwood Colonial Office Building offers a premier, high-income investment or owner-occupant opportunity in a highly sought-after medical and professional hub. This professionally maintained 10,920 sq ft multi-tenant office building boasts a historically stable occupancy rate exceeding 90%, paired with immediate operational upside to maximize your returns.
Investment highlights
Irreplaceable Prime Location
- High-Visibility Frontage: Situated prominently on Rainbow Blvd with high daily traffic counts.
- Medical Hub Proximity: Flanked to the north and south by the rapidly expanding University of Kansas Medical Center (KU Med).
- Target Demographics: Perfectly positioned within a high-density legal, medical, and professional submarket.
Turn-Key Asset with Capital Growth
- Move-In Ready: Professionally maintained asset featuring extensive recent capital improvements.
- Owner-User Potential: Ideal layout for a business owner wanting to occupy a portion while collecting rent from existing tenants.
- Strong Income History: Established, reliable revenue stream from a diverse multi-tenant user base.
Substantial Value-Add Upside
- Forced Appreciation: Immediate potential to optimize rental rates to current market values as existing leases turn over.
- Flexible Zoning/Use: Perfectly suited for standard professional offices, medical practitioners, or specialized clinical services.
- Growth Corridor: Positioned in an area built for consistent, long-term asset appreciation.
Listing Contacts
Listed by Boulevard Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$194,699.00
$16,224.92/mo
Valuation Metrics
0
DSCR
11.49%
Cap Rate
11.49%
ROI
Map
Zoning
C-O CommercialOfficeCommercial And Office
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View all 18 uses
View all 18 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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Tax History
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